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May 14, 2020 City Council Regular Meeting
Title
49. Approval to Declare Surplus and Available for Sale 1700 Drayton Street (PIN 20053 38013) and 104 E 34th Street (PIN 20053 38007)
Strategic Priority
Neighborhood Revitalization
Description

On May 2, 2020, the City-owned building located at 1700 Drayton Street sustained a fire that requires the building be demolished. The property at 1700 Drayton Street, located on a 0.42 acre parcel was formerly operated as the City’s Code Compliance facility, and a nearby 0.30 acre property, 104 E 34th St, was used as additional parking for staff.

The property is a prime redevelopment opportunity located within the vibrant Thomas Square neighborhood/Starland District area. The 2019 assessed land values as established by the Chatham County Boards Assessors for 1700 Drayton Street and 104 E 34th Street are $245,500.00 and $175,500, respectively.  Therefore, the total reported market value is $421,000.  

Staff requests this property and its former parking lot at 104 E 34th Street, be declared surplus and available for sale. If declared surplus and available for sale, staff will prepare and issue a request for proposals (RFP) soliciting a buyer for the property. Proposals will be evaluated by an interdisciplinary committee of staff, and a recommendation of the highest responsible bidder will be made to City Council for award. Staff will procure a current appraisal of the market value of the property to assist in evaluating proposals received.

Recommendation

Approval

Contact
David Keating, Senior Director of Real Estate Services
Financial Impact
Property Proceeds to benefit General Fund
Review Comments
Agenda Plus